Searches And Hires
The retirement fund disclosed commitments totaling $850 million in October.
The college savings plan launched a search in the third quarter due to the incumbent firm’s impending contract expiration.
The search is being conducted to replace the plan’s incumbent global growth equity manager, which has been on watch due to underperformance.
The plan also received a hedge fund search report that includes 22 responses.
The university approved adding a small-cap value equity fund and an all-equity ESG fund as fund options for participants within its defined contribution plan this month.
The foundation made two $1 million loans as part of its impact investment allocation, which targets 5% to investments that align with its mission.
The fund approved an infrastructure commitment with a new investment manager earlier this month.
The plan also added a second bond fund option for participants last quarter.
The college is searching for a firm to provide investment counsel and management services for its portfolio.
The foundation is conducting the RFP process to fulfill its fiduciary duty.